In the previous post in this series the subject of personal crowds was introduced, along with touching on how decisions are made both by individuals and by supposedly authentic online crowds. The original wisdom of crowds concept specified four key attributes for what could be called wise crowds: Diversity Independence Decentralization Aggregation It can be […]

Wisdom is defined as knowledge combined with judgement that allows us to choose the option that is best. Certain crowds are said to possess wisdom, and given the proper tools this wisdom can be extracted (or created). Many people inherently believe and trust that crowds can decide better than individuals: judges’ decisions can be appealed […]